RE: student loans

June 17, 2016 | Uncategorized | 0 comments | Author:

NOTE: It will be more difficult for those with student loans to qualify for a mortgage after June 29th.

In short, low or deferred payments on an income-adjusted payback plan are currently not counted against borrowers.  Lenders must use borrowers real re-payment amounts which may cause many people, especially millennials, not to qualify for a mortgage anymore.

June 29th is the last day to register a Federal Housing Administration case number to fall under the current, more favorable student loan guidelines for mortgages.


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